Sunday, January 1, 2017

ENHANCED RATE OF FAMILY PENSION-CDA CIR 568.





     ENHANCED RATE OF FAMILY PENSION-CIR 568.


Some Banks have raised doubt regarding revision of
Enhanced Rate of Family pension as per CDA cir 568.

It is better, the Families  drawing ERFP after 1-1-2006
 mayverify  whether they were paid correct Rate
 as per CDA cir 494 and 502.

If they were paid less than the Rate of Cir 568,  they
Can claim for the differential amount.

They can verify  the Rates -  Example:
Rank: Naik    Group-  Y,   QS: 17 yrs 
Date of death  : 14-1-2007.   DOB – 24-3-1957.
She  is eligible for ERFP  up to  13-1-2014.
Eligibilty: 
As per CDA cir 494  Table-1…4800 w.e.f 1-1-06
As per CDA cir 502 Table -1…5568  w.e.f 24-9-2012
As per CDA cir 568  Table       5520 w.e.f 1-1-06
As per OROP  cir 555………  7170 w.e.f 1-7-2014.

Now, compare the Rates.
Rate as per CIR 502 and 555 is more than  Cir 568.
But  there is difference between Cir 568 and 494
NOTE:  If the pension is revised as per
 CDA cir 548, then  there is no benefit.
Other wise:
 You find  a difference
From 1-1-2006 to 23-9-2012
That is-Cir 568 minus 494= 5520-4800= 720 per month.
This comes to about Rs. 74618 as arrears.…
The widow is benefited by this amount. 

Such families are not aware of this,.
These  affected  families are to approach their bank
and inform that they are eligible for arrears.
.
Dear veteran brothers, please help such widows
In your area to get their entitled arrears.
This will be a great help to the families.

1 comment:

  1. sir,do these family pensioner need to pay income tax? Suppose if the income for FY is 5 lakhs. How much tax need to be paid?

    ReplyDelete

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